All News articles – Page 5
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UK unveils world’s first AI safety institute
The British Prime Minister, Rishi Sunak, has disclosed plans for the UK to house the world’s first Artificial Intelligence (AI) Safety Institute.
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Tech firms push for longer time frame to comply with India data protection laws
Major tech players, including Apple, Google, Meta, and Microsoft, are urging India’s IT Ministry to grant an extended compliance period to organisations as they bid to meet provisions of new data protection standards in India.
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European sovereign cloud on horizon for Amazon Web Services
Amazon Web Services (AWS) announced intentions this week to introduce a dedicated cloud infrastructure in Europe, tailored specifically for public and private sector entities.
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EU regulators struggling to reach agreement on new AI laws
Regulators in Europe continue to come up against challenges as they push to finalise new laws governing artificial intelligence (AI), with any agreement now looking unlikely until at least December.
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There’s nothing quite like face-to-face engagement!
#RISK London 2023 took place on the 18 & 19 October and attracted over 4,000 senior decision makers from end user organisations.
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58 arrested in Europe over alleged money laundering, fraud and drug trafficking
Tax police in Italy have announced the arrest of 58 individuals suspected of money laundering, fraud and drug trade activities, allegedly supported by illicit currency brokers from China.
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Five ways for businesses to strengthen privacy, bolster compliance and reduce risk
Numerous milestones in data privacy regulation are being crossed in 2023, with big developments coming in on both sides of the Atlantic.
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Cyberattack could lead to $100m loss for Las Vegas casino
MGM Resorts International has announced that a cyberattack the casino suffered last month has dealt a significant blow to its Q3 results, estimating a staggering $100 million hit.
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#RISK London is supporting three brilliant sustainability projects
We are delighted to be partnering with Pinwheel who are bringing corporate funding to the most impactful planet restoration projects on earth.
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Nations push forward with AI regulation
AI needs to be regulated, but its swift evolution is posing challenges to the creation and application of new legal frameworks. Below, we look at steps that governments are taking to harness the emerging technology in a bid to promote its safe and effective use.
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UK’s AI principles aim for accountability and transparency
The UK has laid out a new set of AI use-principles designed to reduce risk, safeguard consumers and promote fairer competition between developers.
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High-profile German Banker on trial for fraud
In a headline-grabbing trial taking place this week in Bonn, a top German banker, Christian Olearius, is facing accusations of involvement in a vast multibillion-euro tax fraud scheme known as “cum-ex” or dividend stripping.
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Rockefeller Foundation accelerates ESG commitment
The Rockefeller Foundation is making greater efforts in Environmental, Social, and Governance (ESG) endeavours by pledging to funnel $1 billion into sustainability projects over the next five years.
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Cybersecurity allegations force Verizon to pay out $4.1 million
Verizon Business Network Services, a subsidiary of the telecom giant, will make a $4.1 million settlement payment in the wake of allegations of falling short on cybersecurity standards, the US Justice Department revealed recently.
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Clients and customers tired of businesses overstating ESG credentials
Businesses’ increasing emphasis on their environmental, social, and governance (ESG) credentials may be putting people off doing business while raising concerns of greenwashing, a survey suggests.
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The #Risk Awards 2023 finalists revealed
The most inspiring organisations, teams and leaders from all aspects of governance, risk and compliance (GRC), ESG, and Culture have been shortlisted ahead of the #RISK Awards Grand Final.
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TikTok brings in British cybersecurity firm to shore up data protection
TikTok has taken a significant step towards enhancing its data security programme by enlisting the services of British cybersecurity firm NCC as part of “Project Clover.”
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#RISK Amsterdam is supporting three brilliant sustainability projects
We are delighted to be partnering with Pinwheel who are bringing corporate funding to the most impactful planet restoration projects on earth.
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Former Australia captain warns against greenwashing as Rugby World Cup begins
Former Australian captain, David Pocock has sent out a stark warning against the risks of greenwashing ahead of the Rugby World Cup which starts tomorrow in Paris.
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Cloud data breaches caused mostly by human error
A report has identified human error as one of the main causes of cloud infrastructure data breaches.